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Union Bank of India decides to issue AT-1 Bonds aggregating Rs 250 cr
Mar 16,2017

Union Bank of India has decided to issue Additional Tier 1 Basel III compliant bonds of Rs.250 crore in favor of Prime Ministers National Relief Fund.

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Somany Ceramics gets revision in credit ratings
Mar 16,2017

Somany Ceramics announced that CRISIL has upgraded its rating for the Company as follows:

Long- Term Rating - CRISIL AA-/ Stable (Upgraded from CRISIL A+/Positive)

Short Term Rating - CRISIL A1+ (Reaffirmed)

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Techno Electric & Engineering Company transfers wind power assets to subsidiary
Mar 16,2017

Techno Electric & Engineering Company announced that the Company has transferred 12 MW Wind Power assets situated in the state of Karnataka to its wholly owned subsidiary company, Simran Wind Project against issue of shares in the subsidiary company. The effective valuation of the said assets is Rs 45.64 crore.

Post this transfer, the Company does not hold any wind assets in its portfolio and the wind power assets of its subsidiary, Simran Wind Project has increased to 129.9 MW.

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Aditya Birla Nuvo temporarily shut downs Ammonia and Urea plants
Mar 16,2017

Aditya Birla Nuvo has temporarily shut down its Ammonia/ Urea plants at Jagdishpur, Uttar Pradesh from 17 March 2017 for the purpose of the planned maintenance program for annual turnaround. The plants are expected to resume operations from 10 April 2017.

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Kingfa Science & Technology (India) finalises Rights Issue programme
Mar 16,2017

Kingfa Science & Technology (India) announced that the Rights Issue Committee at its meeting held on 16 March 2017 has finalised the issue programme as under -

Rights issue opening date - 27 March 2017
Rights issue closing date - 10 April 2017

Last date for request for split application forms - 03 April 2017

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Rane Holdings completes divestment of stake in SasMos
Mar 16,2017

Rane Holdings announced that the divestment of equity stake in SasMos HET Technologies has been completed with closing date as 16 March 2017. Consequently, the Company has exited SasMos with effect from 16 March 2017.

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K P R Mill commissions state-of-the-art Processing Unit with Cold Processing Technology
Mar 16,2017

K P R Mill has commenced the operations of the State of the Art Processing Unit II. The advanced technology of cold processing adopted therein reduces the water consumption by 30% and eliminates the usage of Salt completely. This eco - friendly facility will economise the cost of production and enhance the Fabric quality with excellent colour uniformity. This new unit will further add value to the Garment Division.

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IndusInd Bank allots 34,570 equity shares
Mar 16,2017

IndusInd Bank has allotted 34,570 (Thirty Four Thousand Five Hundred Seventy) equity shares of Rs. 10/- (Rupees Ten Only) each on 16 March 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme. The said shares will rank pari-passu with the existing shares of the Company in all respect.

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IDBI Bank gets ratings revision for Tier II Bonds
Mar 16,2017

IDBI Bank has received from CARE, the rating for Banks Lower Tier II Bonds amounting to Rs 50 crore has been revised to AA- from AA.

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G M Breweries to hold board meeting
Mar 16,2017

G M Breweries will hold a meeting of the Board of Directors of the Company on 6 April 2017 Quarterly Results

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Bodal Chemicals to hold board meeting
Mar 16,2017

Bodal Chemicals will hold a meeting of the Board of Directors of the Company on 20 March 2017, to consider and approve to make Investment in a Private Limited company and acquired stake about 70% and make Subsidiary Company of Bodal Chemicals Ltd.

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Board of Super Fine Knitters approves change in company secretary and compliance officer
Mar 16,2017

Super Fine Knitters announced that the Board of Directors of the Company at its meeting held on 16 March 2017 has approved the following -

Divya Jain has resigned from the post of Company Secretary & Compliance Officer of the Company and Shruti Gupta has been appointed as Company Secretary & Compliance Officer of the Company.

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Greenply Industries to set up new unit in Hardoi, U.P.
Mar 16,2017

Greenply Industries announced that the Board of Directors of the Company at its meeting held on 16 March 2017 has approved setting-up of a new unit in Sandila Industrial Area, Sandila, Dist.- Hardoi, Uttar Pradesh, for manufacturing of plywood and its allied products.

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Board of Larsen & Toubro recommends dividend
Mar 16,2017

Larsen & Toubro announced that the Board of Directors of the Company at its meeting held on 16 March 2017, inter alia, have recommended the dividend of Rs 2.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Cerebra Integrated Technologies to hold board meeting
Mar 16,2017

Cerebra Integrated Technologies will hold a meeting of the Board of Directors of the Company on 27 March 2017, to consider Issuance of Equity Shares and Warrants convertible into Equity Shares on preferential basis to Strategic Investors and Promoters.

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